Updates

Pat MacKrell and Paola Garcia Recognized by The Coleman Report

Every year, The Coleman Report recognizes the accomplishments of lenders in the SBA lending community. We’re proud to announce that this year, Excelsior Growth Fund’s (EGF) Chief Executive Officer Pat MacKrell and Assistant Vice President Paola Garcia, have been recognized by The Coleman Report for their exceptional work in small business lending.

Pat MacKrell - Coleman 2018 Main Street Lender of the Year

For his extensive contributions to the small business community, Pat MacKrell has been named Coleman’s Main Street Lender of the year. For the last 12 years, Pat has served as the President and Chief Executive Officer of EGF’s affiliates New York Business Development Corporation (NYBDC) and The 504 Company. Under Pat’s management, NYBDC, EGF and The 504 Company have more than doubled in size and capacity, and have expanded into Pennsylvania and New Jersey. Additionally, Pat has championed many new initiatives including a Hurricane Sandy disaster loan program for affected businesses that began disbursing loans before flood waters receded, a Bridge to Success program that helps MWBE certified business obtain capital to fulfill state contracts and the formation of a Lender Service Provider, PrudentLenders, LLC. Pat is also the Chairman of the Board of NADCO, and a member of numerous boards, including the New York State Economic Development Council. He has also served as a member of the SBA’s National Advisory Council on its National Veterans Advisory Board.

Paola Garcia – Coleman 2018 Emerging SBA Lender of the Year

EGF Assistant Vice President, Paola Garcia was named one of six recipients of the Coleman 2018 Emerging SBA Lender of the Year. EGF only recently became an SBA microlender and Paola has been instrumental in developing the program at our organization. Since launching our microloan program in January 2017, Paola has been personally involved with more than half the microloans. Without Paola’s assistance, many of these entrepreneurs would not have been able to secure capital. Paola goes the extra mile for her customers, educating and encouraging them pre-loan, but also providing more intensive consulting post-loan, such that the businesses can move along the capital continuum and access more traditional forms of credit.

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About Us

Excelsior Growth Fund (EGF) promotes economic development and job creation in New Jersey, New York and Pennsylvania by providing streamlined access to small business loans and business advisory services. Excelsior Growth Fund is a not-for-profit 501(c)(3) and certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI).